Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

Germany

bmp Media Announces Exit From Nugg.ad

Posted Wed, 01/09/2010 - 23:27

bmp Media Investors AG & Co. has announced the successful exit from portfolio company Nugg.ad after four years with them. The Company was sold to Deutsche Post AG subsidiary, Deutsche Post Beteiligungen Holding GmbH. Though Nugg.ad will continue to operate independently, Deutsche Post will own 100% of the company when the transaction is completed. In addition to bmp Media's 2006 investment, Nugg.ad was backed by Media Ventures in 2007 and the European Founders Fund in 2008.

Riverside Sells Teufel to HgCapital

Posted Tue, 24/08/2010 - 11:20

Getting in on a recent trend in private equity buy-outs, Riverside Company is exiting Teufel Speakers through a secondary sale to HgCapital. Riverside first acquired Teufel in 2006, subsequently tripling the number of employees while doubling revenue and earnings.

BayWa Sells Stake in Frisch & Frost

Posted Sat, 15/05/2010 - 20:34

Germany's BayWa AG has divested itself from Austrian potato processor Frisch & Frost in a move to get back to its core business of trading and logistics. The Munich-based agricultural trader sold its shares to Lamb Weston/Meijer, a Dutch food producer. Lamb Weston now owns 74% of Frisch & Frost but Austria's Raiffeisen Ware Austria AG (RWA) and will have a blocking minority position. RWA is owned by BayWa. The deal must still gain regulatory approval before it can be completed.

Afinum Management Acquires Germany's Sinnex Holding GmbH

Posted Fri, 30/04/2010 - 10:04

German yacht customizing company Sinnex Holding GmbH has been acquired by Afinum Management, a German private investment fund. The deal includes two Sinnex facilities located in Steinheim an der Murr, Germany and Griffen, Austria. Afinum apparently looked into acquiring a Sinnex competitor about five years ago but decided the timing wasn't right.

Sovello AG Sold by Partners to Ventizz Capital Fund IV

Posted Sat, 03/04/2010 - 17:17

The three equal partners in Sovello AG, the German solar products company, have signed an agreement to sell their interests to Ventizz Capital Fund IV. Evergreen, Q-Cells, and REC each owned 33.3% percent of the company so the sale means Ventizz will now be the sole owner. Ventizz has pledged to eliminate most of the company's debt and increase its equity by tens of millions of Euros. The deal must now get the approval of government officials and a handful of financial institutions before it can be completed.

Deutsche Beteiligungs Sells Gautschi Engineering to EBNER Group

Posted Tue, 16/03/2010 - 15:31

Hochtemperatur Engineering GmbH (HTE), a portfolio company of Germany's Deutsche Beteiligungs AG, has completed the sale of thermal technology company Gautschi Engineering GmbH to EBNER Group. The sale was an all-share transaction retroactive to January 1st of this year. DBAG originally acquired Gautschi through a 2002 transaction in which it purchased nine companies from Austria's RHI AG. and established HTE.

GFKL Agrees to Sell Controlling Stake to Advent International

Posted Wed, 14/10/2009 - 00:00

Global buyout firm Advent International has reached an agreement with GFKL Financial Services AG to acquire a controlling stake in the German debt collection company. A group of GFKL's institutional investors will sell the stake to Advent for an undisclosed amount. In addition to the acquisition, Advent is committed to a capital increase to help with GFKL's future growth and equity base.

eVenture Capital Joins with Vivex in Support of Mapia.ua

Posted Thu, 23/07/2009 - 13:35

eVenture Capital markets has chosen to make a big splash with its first Russian/Ukrainian internet investment by acquiring a stake in Mapia.ua, a Ukrainian startup offering online mapping and searching services.

MIBRAG Sold to Joint Venture of J&T and CEZ

Posted Wed, 01/07/2009 - 21:06

URS Corporation and NRG Energy, Inc., joint owners of MIBRAG, have completed the sale of the German mining and power company to another joint venture in the Czech Republic. Private Equity firm J&T Finance Group has teamed up with the largest Czech power company CEZ to acquire MIBRAG at a cost of $520 million.

Marfin Investment Group Acquires Minority Stake in Flight Ambulance International

Posted Mon, 08/12/2008 - 01:00

Marfin Investment Group Holdings announced that it had acquired approximately 49.99% of Flight Ambulance International for EUR 15 million. Flight Ambulance International, based in Nuremberg, Germany, is a world leader in medical air evacuation. Marfin executed the transaction through a purchase of equity and retained a 2-year option to increase its stake to 51% of FAI for an additional EUR 2.5 million.